The Official Red Chip Poker Podcast

Surviving The Variance Of Live Poker · S8E9

The element of luck in #poker means that weak players can having winning sessions and strong ones can go on extended downswings. One can argue that this variance is necessary for the game to survive at all, since without it donators would quickly drop the game. Appreciating how extreme poker variance can be is important for two reasons. First, understanding that downswings are a feature of the game helps us survive psychologically. Second, quantifying how big downswings can be is essential for exercising proper bankroll management. TIMESTAMPS 0:00 Introduction: Live Poker Variance & Win Rates 0:30 Can You Win 12 Months Straight? 1:25 The Sample Size Problem in Live Poker 2:32 Why Live Win-Rates Are Over-Reported 4:03 Small-Stakes Win-Rate Estimates (1/2 & 1/3) 6:03 High-Stakes Reality Check (10/20+) 7:07 Three Win-Rate Scenarios: 40bb, 20bb, 6bb/100 8:44 Understanding Standard Deviation 9:30 40bb/100 Winner: Monthly Variance Analysis 12:42 20bb/100 Winner: Expect Breakeven Months 14:38 6bb/100 Winner: The Harsh Reality 16:34 Key Takeaways & Bankroll Management 20:29 Final Thoughts on Life Roll & BRM RELATED LINKS · **NEW** The Low-Stakes Poker Playbook: https://redchippoker.com/low-stakes-poker-playbook/ [https://redchippoker.com/low-stakes-poker-playbook/] · Poker Bankroll Management: https://www.splitsuit.com/how-much-poker-money-do-you-need-to-play [https://www.splitsuit.com/how-much-poker-money-do-you-need-to-play] · Live Poker Analysis: https://youtu.be/06gOgEchrqM?si=eDSpZ5jHAJtzLiBy [https://youtu.be/06gOgEchrqM?si=eDSpZ5jHAJtzLiBy] · Bankroll Management & Taking Shots: https://youtu.be/1nDFMAouLFM?si=zam69b6KhXR23c8p [https://youtu.be/1nDFMAouLFM?si=zam69b6KhXR23c8p] **JOIN US ON DISCORD** Join our free poker Discord today: https://redchippoker.com/discord [https://redchippoker.com/discord]

Does The Block Bet Have A Place In Modern Poker? · S8E8

The block bet is a play from the pre-solver era of #poker which many players view with suspicion. Making a small bet in the hope of avoiding a much larger one from an opponent certainly lacks a firm theoretical basis. Like many classic plays, however, modern theory reveals that there is a place for the block bet in today's game. While the rationale is rather different, the old block bet has experienced a renaissance as part of the "micro-bet metagame." TIMESTAMPS 0:00 Introduction: What is a Block Bet? 0:40 The Classic Block Bet Explained 1:21 Why Block Bets Lack Mathematical Basis 2:52 Block Bets vs Thin Value Bets 4:12 How Solvers Actually Use Small River Bets 7:09 The Modern Block Bet Resurgence 8:53 Why "Blocking" is Flawed Terminology 9:34 Better Alternatives: Micro Bets & Under Bets 11:30 The Micro-Bet River Metagame 12:15 How to Exploit Small River Bets 15:30 Raising Against Micro Bets 16:44 Advanced Meta Game Adjustments 18:50 Key Takeaways & Final Thoughts RELATED LINKS · **NEW** The Low-Stakes Poker Playbook: https://redchippoker.com/low-stakes-poker-playbook/ [https://redchippoker.com/low-stakes-poker-playbook/] · Consistent Thinking When Betting: https://www.splitsuit.com/consistent-thinking-when-betting [https://www.splitsuit.com/consistent-thinking-when-betting] · The Exploitative Edge (Book): https://redchippoker.com/the-exploitative-edge [https://redchippoker.com/the-exploitative-edge] · The Most Simple Bet Sizing Framework: https://youtu.be/FqNT_2c3O8g?si=9y2q2WPrcVTzCJZX [https://youtu.be/FqNT_2c3O8g?si=9y2q2WPrcVTzCJZX] **JOIN US ON DISCORD** Join our free poker Discord today: https://redchippoker.com/discord [https://redchippoker.com/discord]

Ranging Analysis: When It Is And Is Not Useful · S8E7

Much of modern #poker strategy revolves around the battle between poker ranges; our own and that of our opponent. But is ranging always the best approach to reaching a decision, particularly since our opponent's range is at best a guess. In this podcast episode, coach w34z3l looks at strategies that largely ignore traditional ranging. These data-driven approaches are based on how our opponents play in reality, rather than some theoretical abstraction. Ranging still has its place, but consistent poker winners need these additional weapons. TIMESTAMPS 0:00 Introduction: Ranging Rationale 0:27 Is Range-Based Analysis Still Effective? 0:54 Modern Alternatives: GTO & Data Analysis 2:29 The Guesswork Problem in Ranging 4:07 GTO Analysis vs Traditional Ranging 5:13 How GTO Players Actually Think 7:56 Data-Driven Exploitative Strategies 8:34 Using Pool Data Without Precise Ranges 11:30 Static Game Plans vs Dynamic Adjustments 14:01 When Ranging Is Still Necessary 15:35 GTO vs Exploitative: Which Wins? 17:58 Augmenting Data-Driven Play with Ranging 19:19 The Power of Intuition in Poker 21:00 Final Thoughts on Modern Poker Strategy **RELATED LINKS** - Poker Ranges & Range Reading: https://www.splitsuit.com/poker-ranges-reading [https://www.splitsuit.com/poker-ranges-reading] - The Exploitative Edge (Book): https://redchippoker.com/the-exploitative-edge [https://redchippoker.com/the-exploitative-edge] - Poker Intuition Explained: https://redchippoker.com/poker-intuition-explained/ [https://redchippoker.com/poker-intuition-explained/] - The Myth Of GTO: https://youtu.be/vn6t9leOArw?si=z5DdAj9Ke9D_DTVx [https://youtu.be/vn6t9leOArw?si=z5DdAj9Ke9D_DTVx] **JOIN US ON DISCORD** Join our free poker Discord today: https://redchippoker.com/discord [https://redchippoker.com/discord]

Resilience and Optimization: Winning Poker's Mental Game · S8E6

Do you equate the mental game of #poker with tilt avoidance? Then this episode of the podcast will be a huge eye-opener. Sure mental resilience is a critical part of playing winning poker, but there are many other edges you can develop through mindfulness. Directed study moves more concepts into unconscious competence, making decisions faster and more accurate. Creating a flow state will optimize your performance and thus your hourly rate. A solid and complete mental game is the ultimate poker edge. TIMESTAMPS 0:00 Introduction: The Mental Game 0:43 Adult Learning Model Explained 1:02 Unconscious Incompetence to Unconscious Competence 5:21 How Tilt Exposes Skill Gaps 7:35 The Inchworm Concept 10:32 Injecting Logic to Combat Tilt 13:47 Recognizing Accumulated Tilt 15:32 Should You Adjust Strategy When Tilted? 17:57 Types of Tilt: Running Bad, Injustice, Mistake Tilt 20:10 Entitlement Tilt and Variance 21:15 Desperation Tilt: When to Quit 22:21 The Zone: Playing Your A+ Game RELATED LINKS - Why Your Poker Mindset Matters: https://www.splitsuit.com/your-poker-mindset-matters - The Exploitative Edge (Book): https://redchippoker.com/the-exploitative-edge - Poker For Human Brains: https://youtu.be/xWwqm3MdFVM?si=RGlbv0xL_dVfGeTc - Effective Poker Study: https://youtu.be/maaDxqtQgT4?si=aUZlnbKBkZ2OWFll **JOIN US ON DISCORD** Join our free poker Discord today: https://redchippoker.com/discord

Maximizing Your Winrate Grinding Poker · S8E5

Maximizing your #poker hourly rate extends well beyond simply playing well. If playing online, for example, how many simultaneous tables gives you your best results? What is your optimal session length? How do you even survive the poker grind? While the answers to many of these questions depend on the individual player, there are many commonalities that can greatly boost the hourly rate of most players. Creating a grinding schedule, taking shots, balancing study and playing time, and bankroll management are among the topics discussed in this episode. TIMESTAMPS 0:00 Introduction: The Poker Grind 0:30 Hourly Volume & Multi-Tabling Strategy 1:10 The Yerkes-Dodson Law for Optimal Performance 2:26 Setting Volume-Based Session Goals 4:42 Managing Variance Through Volume 7:42 Creating a Grinding Schedule 10:30 Bankroll Management & Shot Taking Strategy 12:07 The 12+1 Shot Taking Method 14:32 When to Check the Cashier 16:30 Study vs Grinding Time Ratio 17:04 Opportunity Cost of Study Time 18:04 Real World Experience vs Lab Time 19:34 Ergonomics & Hardware Setup 21:46 Software Setup & Table Management Tools 22:46 Focus & Eliminating Distractions 23:29 Should You Listen to Music While Grinding? RELATED LINKS * Studying Poker: Your Weekly Study Guide: https://www.splitsuit.com/ultimate-weekly-poker-study-guide [https://www.splitsuit.com/ultimate-weekly-poker-study-guide] * The Exploitative Edge (Book): https://redchippoker.com/the-exploitative-edge [https://redchippoker.com/the-exploitative-edge] * The Science Of BRM And Taking Shots: https://youtu.be/1nDFMAouLFM?si=QzxGdjZAI8CCJxug [https://youtu.be/1nDFMAouLFM?si=QzxGdjZAI8CCJxug] * Multi-Tabling: https://youtu.be/2i9YfyyN0Xs?si=vjecjfDHuE09vOwK [https://youtu.be/2i9YfyyN0Xs?si=vjecjfDHuE09vOwK] **JOIN US ON DISCORD** Join our free poker Discord today: https://redchippoker.com/discord